Fractal analysis of main currency pairs on July 16th

Forecast for July 16 :

Analytical review of currency pairs on the scale of H1:

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The key levels for the euro / dollar pair on the H1 scale are: 1.1498, 1.1466, 1.1421, 1.1381, 1.1362 and 1.1330. Here, we follow the ascending structure of July 10th. The continuation of the upward movement is expected after the breakdown of the level of 1.1421. In this case, the target is 1.1467. Price consolidation is near this level. The breakdown of the level of 1.1467 will allow you to count on movement towards a potential target - 1.1498. Upon reaching which, we expect a downward pullback.

A short-term downward movement is possible in the range of 1.1381 - 1.1362. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.1330. This is a key support level for the top.

The main trend is the formation of the ascending structure of July 10

Trading recommendations:

Buy: 1.1423 Take profit: 1.1465

Buy: 1.1467 Take profit: 1.1497

Sell: 1.1380 Take profit: 1.1363

Sell: 1.1360 Take profit: 1.1333

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The key levels for the pound / dollar pair on the H1 scale are: 1.2670, 1.2617, 1.2480, 1.2410, 1.2339 and 1.2293. Here, the price forms the potential for the downward movement of July 13. The continuation of the downward movement is expected after the breakdown of the level of 1.2480. In this case, the target is 1.2410. Price consolidation is near this level. The breakdown of the level of 1.2410 should be accompanied by a pronounced downward movement. Here, the target is 1.2339. For the potential value for the bottom, we consider the level of 1.2293. Upon reaching which, we expect consolidation and an upward pullback.

The level of 1.2617 is a key support for the bottom and its breakdown will favor the formation of an ascending structure. Here, the first goal is 1.2670.

The main trend is the formation of a downward potential of July 13

Trading recommendations:

Buy: 1.2618 Take profit: 1.2670

Buy: Take profit:

Sell: 1.2480 Take profit: 1.2413

Sell: 1.2408 Take profit: 1.2340

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The key levels for the dollar / franc pair on the H1 scale are: 0.9526, 0.9500, 0.9482, 0.9459, 0.9435, 0.9422 and 0.9403. Here, we continue to monitor the ascending structure of July 9th. The continuation of the upward movement is expected after the breakdown of the level of 0.9460. In this case, the target is 0.9482. Price consolidation is in the range of 0.9482 - 0.9500. For the potential value for the top, we consider the level of 0.9526. Upon reaching this level, we expect a downward pullback.

A short-term downward movement is expected in the range of 0.9435 - 0.9422. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.9403. This is a key support level for the top.

The main trend is the rising structure of July 9th.

Trading recommendations:

Buy : 0.9460 Take profit: 0.9480

Buy : 0.9484 Take profit: 0.9500

Sell: 0.9435 Take profit: 0.9424

Sell: 0.9420 Take profit: 0.9405

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The key levels for the dollar / yen pair on the scale are : 107.47, 107.27, 107.07, 106.63, 106.39, 106.10 and 105.89. Here, we are following the formation of potential for the downward movement of July 14. The continuation of the downward movement is expected after the breakdown of the level of 106.63. In this case, the target is 106.39. Price consolidation is near this level. The breakdown of the level of 106.37 will lead to a pronounced downward movement. Here, the goal is 106.10. For the potential value for the bottom, we consider the level of 105.89. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range 107.07 - 107.27. The breakdown of the last level will favor the development of the upward structure. In this case, the target is 107.47.

The main trend is building potential for the bottom of July 14

Trading recommendations:

Buy: 107.08 Take profit: 107.25

Buy : 107.28 Take profit: 107.45

Sell: 106.63 Take profit: 106.40

Sell: 106.37 Take profit: 106.12

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The key levels for the Canadian dollar / US dollar pair on the H1 scale are: 1.3645, 1.3593, 1.3562, 1.3536, 1.3494, 1.3449, 1.3395 and 1.3358. Here, we are following the formation of potential for the downward movement of July 14. The continuation of the downward movement is expected after the breakdown of the level of 1.3494. In this case, the target is 1.3449. Price consolidation is near this level. The breakdown of the level of 1.3449 will lead to a pronounced movement. Here, the target is 1.3395. For the potential value for the bottom, we consider the level of 1.3358. Upon reaching which, we expect consolidation, as well as an upward pullback.

A short-term upward movement is possible in the range of 1.3536 - 1.3562. The breakdown of the last level will lead to a deeper correction. Here, the target is 1.3593. This is the key support level for the descending structure of July 14.

The main trend is the formation of potential for the downward movement of July 14

Trading recommendations:

Buy: 1.3536 Take profit: 1.3561

Buy : 1.3563 Take profit: 1.3592

Sell: 1.3493 Take profit: 1.3450

Sell: 1.3447 Take profit: 1.3397

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The key levels for the Australian dollar / dollar pair on the H1 scale are : 0.7121, 0.7095, 0.7056, 0.7025, 0.6986, 0.6970, 0.6946, 0.6923 and 0.6898. Here, the price forms the local potential for the top of July 14. The continuation of the upward movement is expected after the breakdown of the level of 0.7025. In this case, the target is 0.7056. Price consolidation is near this level. The breakdown of the level of 0.7056 will lead to a pronounced upward movement. Here, the target is 0.7095. For the potential value for the top, we consider the level of 0.7121. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range 0.6986 - 0.6970. The breakdown of the last level will lead to a deeper correction. Here, the target is 0.6946. This is a key support level for the top and its breakdown will lead to the cancellation of the upward structure from July 14. In this case, the target is 0.6898.

The main trend is the local upward structure of July 14

Trading recommendations:

Buy: 0.7025 Take profit: 0.7055

Buy: 0.7060 Take profit: 0.7095

Sell : 0.6970 Take profit : 0.6948

Sell: 0.6944 Take profit: 0.6923

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The key levels for the euro / yen pair on the H1 scale are: 124.26, 123.67, 123.21, 122.56, 121.89, 121.50 and 121.07. Here, we are following the formation of the ascending structure of July 10. The continuation of the upward movement is expected after the breakdown of the level of 122.56. In this case, the target is 123.20. Short-term upward movement, as well as consolidation are in the range of 123.21 - 123.67. For the potential value for the top, we consider the level of 124.26. Upon reaching which, we expect consolidation, as well as a downward pullback.

A short-term downward movement is possible in the range of 121.89 - 121.50. The breakdown of the last level will lead to a deeper correction. Here, the goal is 121.07. This is a key support level for the top.

The main trend is the formation of potential for the upward cycle of July 10

Trading recommendations:

Buy: 122.58 Take profit: 123.20

Buy: 123.22 Take profit: 123.65

Sell: 121.87 Take profit: 121.52

Sell: 121.48 Take profit: 121.09

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The key levels for the pound / yen pair on the H1 scale are : 135.91, 135.32, 135.07, 134.68, 133.68, 132.99, 132.57 and 131.99. Here, we are following the descending structure of July 9th. The continuation of the downward movement is expected after the breakdown of the level of 133.68. In this case, the target is 132.99. A short-term downward movement, as well as consolidation are in the range of 132.99 - 132.57. For the potential value for the bottom, we consider the level of 131.99. Upon reaching this level, we expect consolidation, as well as an upward pullback.

A correction is expected after the breakdown of the level of 134.68. Here, the target is 135.07. The range of 135.07 - 135.32 is a key support for the downward structure and the price passing this level will lead to the formation of an upward structure, here the potential target is 135.91.

The main trend is the descending structure of July 9

Trading recommendations:

Buy: 134.68 Take profit: 135.07

Buy: 135.32 Take profit: 135.90

Sell: 133.68 Take profit: 133.00

Sell: 132.97 Take profit: 132.58

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